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Could you please help me with the following questions please?Thank you QUESTION 16 Table 17-32 Suppose that Angelina and Brad own the only two professional

Could you please help me with the following questions please?Thank you

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QUESTION 16 Table 17-32 Suppose that Angelina and Brad own the only two professional photography stores in town. Each must choose between a low price and a high price for senior photo packages. The annual economic profit from each strategy is indicated in the table below: Angelina Low price High price Low price ina's profit = $20.000 Angelina's profit - $4,000 Brad's profit = $20.000 Brad's profit = $23,000 High price Angelina's profit -$25,000 Angelina's profit - $22,000 Brad's profit = $5.000 Brad's profit = $22,000 Refer to Table 17-32. Is there a Nash equilibrium? If so, describe it. TTT And Patty: D Words:0 QUESTION 17 Which of these situations produces the largest profits for oligopolists? a. The firms reach a Nash equilibrium. b. The firms reach the monopoly outcome. c. The firms produce a quantity of output that lies between the competitive outcome and the monopoly outcome. d. The firms reach the competitive outcome

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